According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition.
Questions:
1. What will Aetna shareholders receive?
2. What will happen to Aetna’s CEO?
3. What are CVS’s plans for the Aetna network?
Source:
O’Donnell, C. and Greg Roumeliotis. (2017) CVS Agrees To Buy Aetna In A $69 Billion Deal. Reuters, Dec. 3 (Retrievable online at https://www.huffingtonpost.com/entry/cvs-buys-aetna-insurance_us_5a244f3be4b03c44072e4dc4?section=us_business)